Company shares last traded at $48.55 which is marginally higher than $46.12, the 50 day moving average and which is significantly higher than the 200 day moving average of $40.00. The 50 day moving average was up by +5.28% and the 200 day average went up $8.55 or +21.38%. Trading volume for Koppers Holdings Inc. Koppers H was 132K on Tuesday. Overall, volume was up 5.24% over the stocks normal daily volume.
Traders are feeling more bullish on shares of the company recently if you consider the decrease in short interest. The stock recorded a fall in short interest of -13.99% as of October 13, 2017 from the last reporting period. Short interest fell from 173,956 to 149,617 over that timeframe. With short interest at 149,617 and short average daily volume at 157,157, days to cover is 1.0 and the short interest percentage is 0.01% as of October 13.
Here is a rundown on some insider market activity for Koppers Holdings Inc. Koppers H (NYSE:KOP). Leslie S. Hyde, VP, Risk Management, Deputy GC reported the sale of 1,800 shares. The shares were purchased at an average price of $43.00. Hyde now owns $856,879 of the stock according to the SEC filing.
These funds have shifted positions in (KOP). As of the end of the quarter First Trust Advisors LP had disposed of a total of 30,878 shares trimming its stake by 65.3%. The value of the investment in Koppers Holdings Inc. Koppers H went from $1,709,000 to $756,000 decreasing 55.8% quarter over quarter. As of quarter end Nationwide Fund Advisors had bought 2,105 shares growing its position 6.2%. The value of the total investment in Koppers Holdings Inc. Koppers H increased from $1,218,000 to $1,652,000 a change of 35.6% for the reporting period.
Parkside Financial Bank & Trust trimmed its holdings by shedding 7 shares a decrease of 46.7% from 03/31/2017 to 09/30/2017. Parkside Financial Bank & Trust controls 8 shares with a value of $0. The total value of its holdings decreased 100.0%. Aperio Group, LLC expanded its position by buying 233 shares an increase of 3.8% as of 09/30/2017. Aperio Group, LLC claims 6,306 shares valued at $291,000. The value of the position overall is up by 32.3%.
The company’s P/E ratio is 24.72 and the market cap is 1.01B. As of the last earnings report the EPS was $1.96 and is expected to be $3.24 for the current year with 20,745,000 shares now outstanding. Next quarter’s EPS is estimated at $0.48 with next year’s EPS projected to be $3.48.
Koppers Holdings Inc., launched on November 12, 2004, is a global integrated provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Business’s products and services are used in a range of markets, including the railroad, specialty chemical, utility, residential lumber, agriculture, aluminum, steel, rubber and construction industries. The Business’s manufacturing facilities are located in North America, South America, Australasia, China and Europe..